Thank you for providing additional information and a screenshot above, aqadir. This helps me in providing you with accurate resolution.
All bank transactions need to have a code when you add them to your books. QuickBooks lets you select the No VAT (0% Purchases) code for your expenses and No VAT (0% Sales) on for your interest transactions.
The option to select the No VAT tax code in your bank transactions is unavailable. However, you can set up or add transactions in QuickBooks and match them with your downloaded staff salaries so you're able to select the No Vat option. Here's how:
- Go to the Banking menu.
- Select the transaction to expand the view in the For Review tab.
- Review the Records found.
- Select the link next to each record to get more details.
- Review the Deposit to field on the forms.
- Select Match when you're done.
Once done, select the No Vat/Exempt option in the Tax code field. Then, select the Add button to complete the process.
Continue reviewing all your bank transactions to keep your account updated. For the detailed steps, kindly refer to this article: Categorise online bank transactions in QuickBooks Online. It also contains details on how to split transactions between multiple accounts and exclude your personal or duplicate transactions.
I'd also recommend reconciling your accounts every month to keep them accurate and monitor your business progress. To learn more, you can refer to this article: Reconcile an account in QuickBooks Online.
Please let me know if you have other concerns. I'm just around to help.
